Merchants Bancorp (NASDAQ:MBINN) Trading 0.7% Higher – What’s Next?

Shares of Merchants Bancorp (NASDAQ:MBINN) traded up 0.7% during mid-day trading on Thursday . The company traded as high as $21.77 and last traded at $21.47. 17,898 shares traded hands during trading, a decline of 8% from the average session volume of 19,510 shares. The stock had previously closed at $21.33.

Merchants Bancorp Trading Up 0.5 %

The business has a 50-day simple moving average of $21.78 and a 200-day simple moving average of $22.03.

Merchants Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.375 per share. The ex-dividend date was Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.94%.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.